Angie’s List Inc. (ANGI) Shares Down 4.8%
Shares of Angie’s List Inc. (NASDAQ:ANGI) traded down 4.8% on Friday . The company traded as low as $7.99 and last traded at $8.08, with a volume of 432,454 shares changing hands. The stock had previously closed at $8.49.
A number of analysts have recently weighed in on the stock. TheStreet upgraded shares of Angie’s List from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research cut shares of Angie’s List from a “hold” rating to a “strong sell” rating in a report on Monday, April 25th. Pacific Crest restated an “equal weight” rating on shares of Angie’s List in a report on Thursday, April 21st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Angie’s List in a research note on Wednesday, April 20th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $8.48.
The firm has a market capitalization of $474.35 million and a P/E ratio of 288.93. The stock has a 50-day moving average price of $7.16 and a 200-day moving average price of $8.20.
Angie’s List (NASDAQ:ANGI) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.12. The business had revenue of $83.10 million for the quarter, compared to analysts’ expectations of $86.21 million. During the same quarter last year, the company earned ($0.14) earnings per share. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. On average, equities research analysts predict that Angie’s List Inc. will post $0.09 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Angie’s List stock. Dimensional Fund Advisors LP boosted its position in Angie’s List Inc. (NASDAQ:ANGI) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 256,706 shares of the company’s stock after buying an additional 3,900 shares during the period. Dimensional Fund Advisors LP owned approximately 0.44% of Angie’s List worth $2,401,000 at the end of the most recent reporting period.
Angie’s List, Inc operates a national local services consumer review service and marketplace. The Company’s tools, services and content across multiple platforms enable consumers to research, shop for and purchase local services for needs, such as home, health and automotive services. The Company also reviews the providers of these services in over 250 markets in the United States.
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